l i n d a b | g r o u p p r e s e n t a t i o nl i n d a b | g r o u p p r e s e n t a t i o n

Lindab GroupP t ti Q3 2008Presentation Q3 2008

David Brodetsky, CEONils-Johan Andersson, CFO

l i n d a b | g r o u p p r e s e n t a t i o n

Third quarter 2008Third quarter 2008Financial highlights

S l i +9% t SEK 2 717 MSales increase +9% to SEK 2 717 M

EBIT operating profit +8% to SEK 458 M

Cash flow operating activities SEK 127 M (last year 264)Cash flow operating activities SEK 127 M (last year 264)

Market Highlights

Flattening demand within non-residential but still growth

Reducing demand in residential market

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Third quarter 2008Third quarter 2008

Operational highlightsp g gLindab continues with focus on margins

Steel price increase of 10% during the third quarter

New office opened in September in Minsk, Belarus, for Building Systems

SIPOG acquisition was integrated 1 September. Good sales growth ~30% during 2008

David Brodetsky new CEO as of 1 October

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Third quarter 2008 Group

Period

Third quarter 2008 - Group

Sales growth +9%SEK M 08 07

Sales 2 717 2 494EBIT 458 424

Sales growth +9%

Structure +3%

Currency effect +1%EBIT margin % 16.9 17.0

Currency effect 1%

Volume / price +5%

■ Regional sales development- Nordic + 4%- CEE/CIS + 19%- Western + 5%

■ Focus compensate steel price increase

■ EBIT above does not include one-time cost SEK 13 M related to change of CEOchange of CEO

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Third quarter 2008 - Ventilation

PeriodSEK M 08 07

d qua te 008 e t at o

Sales growth +7%SEK M 08 07

Sales 1 228 1 143EBIT 139 133

Sales growth +7%

Structure +3%

Currency effect -1%EBIT margin % 11.3 11.6

Currency effect 1%

Volume / price +5%

C f t i i fit l lComfort improving profit level

The Air Duct Division continues to show good profitability

Slight reduction in operating margin due to change in the product mixSlight reduction in operating margin due to change in the product mix

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Third quarter 2008 - Profile

Period

d qua te 008 o e

Sales growth +10%SEK M 08 07

Sales 1 472 1 336EBIT 325 295

Sales growth +10%

Structure +4%

Currency effect +2%3 5 95EBIT margin % 22.1 22.1

Currency effect 2%

Volume / price +4%

Improved profit in both divisionsImproved profit in both divisions

Building Systems backlog continued 6-7 months sales

Demand remains weak within residential which represent 50% of psales in Building Components

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Sales development per regionSa es de e op e t pe eg o

Nordic countries• Sweden, still growth• Denmark, weakening particularly

Western Europe

, g p yin residential

• UK still small growthWestern Europe g• Germany good growth

• Poland very good growthR i fl tCEE • Romania flat

• Hungary growth during Q3

• Russia YTD shows good growth. CIS

g gReduction in Q3 depending on large projects 2007

• Ukraine excellent growth YTD and quarterand quarter

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Sales per region 2008Sa es pe eg o 008

Nordic countries

Central and Eastern Europe incl CIS *

35 +4 40 35 +19 30

Western Europe Other

35 +4 40 35 +19 30

p Other

27 +5 27 3 - 3

x Portion of Group sales 2008 Q3

x Change of total Group sales 2008 Q3x Portion of Group sales 12 months rolling

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Quarterly operating profit (EBIT) SEK M

424396

458

14001600

450500

Quarterly operating profit (EBIT) SEK M

169

286

174

235

365

283

185

330376

207

396

60080010001200

200250300350400

15

103

169

97

20

130174

85

0200400600

050

100150200

Quarterly LTM

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2004 2005 2006 2007 2008

Last 12 months EBIT SEK 1 431 M, EBIT margin 14.5%

Seasonal impact - Q1 lowest result, Q3 highest result

*)

p Q , Q g

9*) excl. one time costs

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Cash flow statementCas o state e tJuly– Sept 2008 July – Sept 2007

Cash flow from

- operating activities 452 481

- change in working capital -199 -66

investing activities 220 37- investing activities -220 -37

- financial net paid -39 -28

- tax paid -87 -123p

Free cash flow -93 227

Proforma free cash flow 67 2271)

Increase in working capital – lower operating liabilities

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1) Free cash flow adjusted for acquisition Sipog SEK 160 M

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Lindab long-term debt structureLindab long term debt structure

5 year agreement signed December 2007

Total amount SEK 4 500 M

Flexible and good conditions

Total available funds, including unused credit facilities amounting to SEK 2 068 M (1 064)

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Buy-back programmeBuy back programme

Total mandate from AGM SEK 400 M maximum or 5% of the issued shares

Used until end September SEK 297 M

Lindab currently own 2 937 750 shares outstanding totalLindab currently own 2 937 750 shares, outstanding total 78 797 820

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Recent innovationsRecent innovations

Ventilation – Lindab Safe Click Now extending range to larger dimensions to 315 mm– Now extending range to larger dimensions to 315 mm

– Rolling out to all countries Q4 and 1st half 2009– First project in France – Bouygues HQ near Paris– Tools, which complement the Lindab Safe Click System and make the p y

installers work more efficient, are launched

Ventilation – Comfort products– Plexus (chilled beam) and Aerodim (energy saving silencer) launched– Plexus Australian order €1M

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Recent innovationsRecent innovationsProfile Components – RdBX

– Sweden/Norway already launched. – Next step: Denmark, Czech Republic in 1st half 2009

Profile Building Systems – New energy model– Automatic calculation of building energy consumption compared to new

allowable– To be released in Q4

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Update acquisitionUpdate acquisition

Consolidated 1 September 2008

Sales 2007 SEK 350 M, EBIT SEK 45 M

Good sales growth 2008,~30%

Will expand Lindab product range and the acquisition also gives access to additional low cost production

Become market leader in Slovakia and reinforce the position in Romania and the Czech Republic

Synergies EUR 2 M (steel, in source production and wider product range)

Purchase price EUR 24.5M debt free

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New production unit in Russia – Building SystemsNew production unit in Russia Building SystemsProduction start first quarter 2009

Organization strengthenedOrganization strengthened

Cost taken Q3 SEK 10 M, estimated Q4 SEK 10 M

Total investment EUR 23 M

Yaroslavl factory

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HDG steel price development

240%

260%

HDG steel price development

180%

200%

220%

140%

160%

180%

HDG

80%

100%

120%

60%Q1-00 Q1-01 Q1-02 Q1-03 Q1-04 Q1-05 Q1-06 Q1-07 Q1-08

Average price increase Q3 10 %Average price increase Q3 10 %Price of scrap has fallen during Q3 which indicates lower steelprice in Q4 and Q1 2009

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Market situationMarket situation

In prevailing economic climate, markets for 2009 are very difficult to predict but there will be an impact

CEE/CIS to continue to outperform Nordic/West

A continued slow down expected in Nordic/WestA continued slow down expected in Nordic/West

Prognoscentret: Nordic: – 4% in 2009 (Lindab weighting)

Lindab mix 40 - 50% renovation

Focus will be on protecting margins and promoting Lindab product advantages

Cost structure under review and will be finalized in NovemberCost structure under review and will be finalized in November

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l i n d a b | g r o u p p r e s e n t a t i o nl i n d a b | g r o u p p r e s e n t a t i o n

We simplify constructionWe simplify construction

Upcoming events:

CMD 27 November 2008Q4 11 February 2009